An announcement on the second Greek offshore licensing round is expected this month. The Greek Ministry of Environment, Energy and Climate Change announced the round would be launched upon publication of the Notice of the Call for Tenders in the Official Journal of the European Union…
Continental Energy has reached an agreement for the sale of its 51% shareholding stake in Visionaire Energy (VEN) to Norway's Visionaire Invest for consideration of US$1.2 million. VEN is a holding company which owns a 49% equity interest…
Japan’s Mitsubishi Corp. acquired 20% of US-based Anadarko Petroleum’s interest in Block C1-103 off the coast of Côte d’Ivoire, becoming the first Japanese company to enter the oil and gas exploration business in the area. Map of Block C1-103…
Statoil resumed drilling operations on 10 September at the oil-bearing strata in the exploration well 7319/12-1 Pingvin after receiving permission from the Norwegian Environment Agency. The Pingvin prospect is in production license 713 in the Norwegian Barents Sea…
Statoil Petroleum has drilled a dry wildcat exploration well on the Ensis prospect in production license (PL) 393 B in the Barents Sea. The well, 7125/4-3, was drilled about 4km south of the 7125/4-1 oil and gas discovery and about 105km northeast of Hammerfest…
Statoil moved to increase its presence offshore Colombia through two farm-in agreements with Spain’s Repsol, the Norwegian explorer announced on 4 September 2014. Statoil will acquire a 10% stake in the Petrobras-operated Tayrona…
Norwegian Seismic acquisition and processing firm Electromagnetic Geoservices (EMGS) has increased its stake in exploration firm North Energy to nearly 10% as part of a loan deal. The NOK75 million convertible bond loan secured EMGS addtional shares in North Energy…
North Energy and Noreco Norway have agreed to swap interests in two offshore Norway production licences (PL). North Energy will acquire 15% of PL 484 in the Norwegian Sea and transfer a 10% holding in PL 616 in the North Sea to Noreco…
Houston-based Apache encountered oil pay at the Phoenix South-1 well, in Canning basin, off the North West Shelf of Australia. Apache says that preliminary estimates show that there might be as much as 300MMbbl in place. The Phoenix…
Heerema Marine Contractors chose 2H Offshore to engineer hybrid risers for Total’s Kaombo Block 32 project offshore Luanda, Angola in 1400-1900m water depth. 2H Offshore's scope of work includes performing part of the detailed engineering…
Lundin Norway has agreed to acquire a 35% interest in production licenses 674 in the North Sea. The deal comprises acquiring 15% interest from Petrolia Norway and a 20% interest of a carve out area of PL674 from operator E.ON. Petrolia and E…
Petrobras announced drilling has started on the first exploration well on the Libra pre-salt area in the Santos basin offshore Brazil. Drilling on Libra, discovered in 2010, and estimated to contain 8-12 billion boe, comes as marine production…
Nigeria focused Oando Energy Resources Inc. (OER) has completed the acquisition of ConocoPhillips' Nigerian upstream oil and gas business for a total cash consideration of US$1.5 billion, after customary adjustments, plus a deferred consideration of $33 million…
Houston-based Apache Energy found gas and associated liquid hydrocarbons in the Phoenix South-1 well off Western Australia, in the Roebuck basin, before a drill bit failure on 29 July. Over the past two weeks, Apache drilled to a depth…
FAR Ltd. reported that the Cairn-operated FAN-1 exploration well resumed drilling on the North Fan prospect in 1500m water depth, offshore Senegal on 28 July. Drilling to date has reached 3000m with a planned TD of approximately 5300m using Transocean’s fifth-generation semisubmersible…
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